ICICI Prudential Life Insurance Mumbai Insurance Adviser Salaries by 4 Employees

1 - 4 years exp.

₹1.1 Lakh - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

6% more than the average Insurance Adviser Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Adviser Salary 2 - 4 years exp. (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.3 L/yr
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Consulting Insurance Adviser Salary 1 year exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.5 L/yr

Last Updated: 17 Mar 2023

Companies similar to ICICI Prudential Life Insurance for Insurance Adviser in Mumbai

ICICI Prudential Life Insurance Insurance Adviser Salary

1 - 4 years exp. (4 salaries)

₹1.1 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Insurance Adviser Salary 1 - 20 years exp. (48 salaries)	₹0.9 L/yr - ₹7 L/yr 2% more
Axis Max Life Insurance Insurance Adviser Salary 1 - 6 years exp. (8 salaries)	₹1 L/yr - ₹3.6 L/yr 28% less	1 job opening
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ICICI Lombard General Insurance Company Insurance Adviser Salary 0 - 6 years exp. (7 salaries)	₹2 L/yr - ₹3.1 L/yr 17% less
HDFC Life Insurance Adviser Salary 1 - 7 years exp. (6 salaries)	₹2 L/yr - ₹3.8 L/yr 3% less
Aditya Birla Sun Life Insurance Insurance Adviser Salary 1 - 6 years exp. (5 salaries)	₹2 L/yr - ₹5.5 L/yr 17% more
HDFC Ergo General Insurance Insurance Adviser Salary 1 - 11 years exp. (5 salaries)	₹2.4 L/yr - ₹4 L/yr 12% more
The New India Assurance Co. Insurance Adviser Salary 3 - 10 years exp. (4 salaries)	₹2.5 L/yr - ₹4 L/yr 6% more
Bajaj Allianz Life Insurance Insurance Adviser Salary 3 - 7 years exp. (4 salaries)	₹3.2 L/yr - ₹5 L/yr 18% more
United India Insurance Company Insurance Adviser Salary 5 - 10 years exp. (4 salaries)	₹2.6 L/yr - ₹3.3 L/yr 13% less
Star Health & Allied Insurance Insurance Adviser Salary 0 - 6 years exp. (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr 6% less

Insurance Adviser salary at ICICI Prudential Life Insurance ranges between ₹1.1 Lakh to ₹6.5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Insurance Adviser salaries in Mumbai

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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3 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

From

Insurance Adviser

₹

Lakhs/yr

0 - 6 years exp.

Senior Manager

₹

Lakhs/yr

0 - 9 years exp.

Insurance Adviser 0 - 6 years exp.

Manager 1 - 13 years exp.

187% hike

Senior Manager 0 - 9 years exp.

129% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Top skills at ICICI Prudential Life Insurance for Insurance Adviser

Interpersonal Skills Interpersonal Communication Communication Skills

Salary related reviews for ICICI Prudential Life Insurance

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Skill development - Bad

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1st Very High Sales Pressure!! 2nd incentives playmates are very delayed. 3rd less work-life balance, sometimes you have to attend meetings on Sunday & have meet client on weekends also. 4th you have to be lucky enough to get a supportive BM & RM. Otherwise you'll end up resigning with in 6-12 mouth. 5th if you have hard-core sales mindset & have good networking skills then you could stay at ipru & grow. Otherwise you'll get Frustrated very soon.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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ICICI Prudential Life Insurance Insurance Adviser Salary FAQs

What is the salary of Insurance Adviser at ICICI Prudential Life Insurance in Mumbai?

The average salary of a Insurance Adviser at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹1.1 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Insurance Adviser in Mumbai at ICICI Prudential Life Insurance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Insurance Adviser Salaries at ICICI Prudential Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 ICICI Prudential Life Insurance employees in India.

What is the estimated take home salary of a Insurance Adviser at ICICI Prudential Life Insurance in Mumbai?

The estimated take-home salary of a Insurance Adviser at ICICI Prudential Life Insurance in Mumbai typically ranges from ₹23,212 to ₹24,677 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 1 year to 4 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Insurance Adviser at ICICI Prudential Life Insurance in Mumbai?

To be a Insurance Adviser at ICICI Prudential Life Insurance in Mumbai, the key skills required include:

- Interpersonal Skills
- Interpersonal Communication
- Communication Skills

These skills are highly valued at ICICI Prudential Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than ICICI Prudential Life Insurance for Insurance Adviser in India?

Bajaj Allianz Life Insurance	₹3.2 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.0 Lakhs to ₹5.5 Lakhs per year
HDFC Ergo General Insurance	₹2.4 Lakhs to ₹4.0 Lakhs per year
The New India Assurance Co.	₹2.5 Lakhs to ₹4.0 Lakhs per year
Life Insurance Corporation of India	₹0.9 Lakhs to ₹7.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Prudential Life Insurance, depending on the role and experience level.

What is the salary of a Insurance Adviser in companies similar to ICICI Prudential Life Insurance in Mumbai?

The salary of a Insurance Adviser at companies similar to ICICI Prudential Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life	₹2.0 Lakhs to ₹3.8 Lakhs per year
Star Health & Allied Insurance	₹2.5 Lakhs to ₹3.5 Lakhs per year
United India Insurance Company	₹2.6 Lakhs to ₹3.3 Lakhs per year
ICICI Lombard General Insurance Company	₹2.0 Lakhs to ₹3.1 Lakhs per year
Axis Max Life Insurance	₹1.0 Lakhs to ₹3.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Insurance Adviser at ICICI Prudential Life Insurance in Mumbai?

The salary growth for a Insurance Adviser at ICICI Prudential Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Insurance Adviser in Mumbai can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
3 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
4 years	₹3.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Insurance Adviser Salaries in Mumbai

ICICI Prudential Life Insurance Insurance Adviser salary in Mumbai ranges between ₹1.1 Lakh to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.